US EditionTrump set to pardon former Tottenham owner, billionaire Joe Lewis
Joe Lewis pleaded guilty to insider trading and was fined $5 million; President Trump’s full pardon removes legal penalties for the British billionaire.
- On Thursday, US President Donald Trump will grant a full pardon to Joe Lewis, Matt Law of The Telegraph revealed, and The White House is due to publish it later.
- Last year, Joe Lewis handed ownership of Tottenham to the Lewis Family Trust and pleaded guilty to securities offences, avoiding prison with three years on probation.
- ENIC Group owns an 86.58% stake in Tottenham Hotspur, with Daniel Levy holding just under 30% of ENIC, and the Lewis family now runs daily operations following Levy's recent departure.
- The pardon will let Lewis re-enter the United States, where much of his family is based in Florida, a source close to the Lewis family said they were grateful and thanked US President Donald Trump.
- Amid reporting that age and lack of personal profit influenced the decision, The Athletic said Lewis’s age and no personal profit were factors, raising questions about legal penalties versus executive clemency.
101 Articles
101 Articles
Trump pardons billionaire for "brazen" stock scheme
An 88-year-old British billionaire who spent decades sharing insider trading tips has received a presidential pardon from Donald Trump. Joe Lewis can now visit his great-grandchildren without that pesky federal conviction weighing him down. According to the Department of Justice, Lewis "abused inside information he gained through his access to corporate boardrooms to tip off his friends, employees, and romantic interests," sharing secrets with f…
Joe Lewis has requested a pardon to receive medical treatment and to be able to visit his grandchildren and great-grandchildren in the United States.
If he escaped from prison, the British businessman was fined $5 million for his involvement in a stock market fraud case.
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hbl.fiUS President Donald Trump is pardoning billionaire and former Tottenham owner Joe Lewis, according to a White House official.
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